For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04581523
Going Well Ltd
Accountants' Report
For the year ended 31 March 2016
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the
|
accounts of Going Well Ltd for the year ended
31
March
2016
which comprise the Profit and Loss Account
,
the
|
Balance Sheet and the related notes from the company
'
s accounting records and from information and
|
explanations you have given us
.
|
As a practising firm of the Association of Chartered Certified Accountants
,
we are subject to its ethical and other
|
professional requirements which are detailed at http
://
rulebook
.
accaglobal
.
com
.
|
This report is made solely to the Board of Directors of Going Well Ltd
,
as a body
,
in accordance with the terms of
|
our engagement letter dated
.
Our work has been undertaken solely to prepare for your approval the accounts of
|
Going Well Ltd and state those matters that we have agreed to state to the Board of Directors of Going Well Ltd
,
as
|
a body
,
in this report in accordance with the requirements of the Association of Chartered Certified Accountants and
|
as detailed at http
://
www
.
accaglobal
.
com
/
factsheet
163
.
To the fullest extent permitted by law
,
we do not accept or
|
assume responsibility to anyone other than Going Well Ltd and its Board of Directors as a body for our work or for
|
this report
.
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It is your duty to ensure that Going Well Ltd has kept adequate accounting records and to prepare statutory
|
accounts that give a true and fair view of the assets
,
liabilities
,
financial position and loss of Going Well Ltd
.
You
|
consider that Going Well Ltd is exempt from the statutory audit requirement for the year
.
|
Mr J. Davis F.C.C.A.
John Davis and Co Accountants Ltd
48 The Causeway
Chippenham
Wiltshire
SN15 3DD
1 of 4
Notes to the Abbreviated Financial Statements
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Going Well Ltd
For the year ended 31 March 2016
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
|
by the shareholders prior to the balance sheet date
.
|
Acquired goodwill is stated at cost less amortisation
.
Amortisation is calculated on a straight line basis over the
|
estimated expected useful economic life of the goodwill of
0
years
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Computer Equipment
Fixtures and Fittings
2
Intangible fixed assets
|
60,000
60,000
36,000
3,000
Charge for year
39,000
21,000
24,000
3 of 4
Notes to the Abbreviated Financial Statements
|
Going Well Ltd
For the year ended 31 March 2016
7,534
1,533
9,067
7,032
546
Charge for year
7,578
1,489
502
Allotted called up and fully paid
|
2016
2015
2
Ordinary shares of £
1
.
00
each
|
2
2
2
2
4 of 4